Thanks guys.
I removed the gas tank, oil filler, and blower housing and then spun the engine.
It ended up being a tiny piece of shield that was magnetically drawn to the flywheel, as it turned at a lower speed. See video.
I put everything back together and made sure that the little shield installed properly this time (two ears inside, and the middle tab on the outside of the blower housing).
Ran it when I was done and it sounded great!
Thanks for all the help!
Thanks!